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 Insurance & Finance Procuring a distinguished yacht typically involves financial transactions ranging from six to more than seven figures. Having substantial experience in advising our clients on which yacht to purchase, Churchill Yacht Partners, can offer financial insight and provide referrals to the world's most accessible sources of marine insurance and mortgage capital, while attempting to secure the most advantageous coverage and competitive rates possible. And our expertise is not limited to insuring and financing your vessel: Churchill Yacht Partner's Charter Management team will employ our worldwide network of offices and correspondents to market your yacht throughout the season to maximize its earning potential, even as our Yacht Management group can steer you through the intricacies of yacht ownership in the US and around the world. A word on yacht financing: Typically procuring financing is not difficult for qualified buyers; the industry offers creative terms to fulfill the needs of the buyer and seller. Typical terms range from two to ten years and can be arranged in most currencies with fixed or variable rates. Collateral is typically a first mortgage on the yacht and an assignment on all relevant insurance. Additionally, personal guarantees are sometimes required. |
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